David J. Murphy

David J. Murphy counsels clients in the acquisition, development, sale, leasing, and financing of commercial real estate throughout New England and other states. A significant portion of his practice involves the formation, negotiation, structuring, and governance of sophisticated real estate joint ventures, including preferred equity transactions, co-sponsor arrangements, and multi-member investment structures.

Mr. Murphy has over 20 years of experience drafting and negotiating operating agreements, partnership agreements, and trust instruments. He advises on entity governance, distribution waterfalls, capital contribution structures, promote arrangements, fiduciary obligations, management rights, and tax-efficient investment planning. His entity practice covers formation, recapitalization, restructuring, and dissolution of LLCs, partnerships, limited partnerships, and other alternative structures.

Mr. Murphy's transactional experience is broad. He drafts and negotiates purchase and sale agreements, loan documents, construction contracts, design agreements, AIA forms, and commercial leases. He represents developers through site evaluation, due diligence, acquisition, permitting, zoning, financing, construction, leasing, and disposition. He counsels owners and investors in the purchase and sale of commercial properties, including shopping centers, office buildings, industrial and mill buildings, multifamily properties, and restaurant and hospitality businesses. He structures financing arrangements across construction loans, permanent loans, refinances, and mezzanine financing with regional and national lenders, and has experience with Fannie Mae, HUD/FHA programs, bond financing, and historic and affordable housing tax credits.